Investing
Media Digest (8/21/2012) Reuters, WSJ, NY Times, FT
Published:
Last Updated:
The International Monetary Fund and World Bank do not think the rise in food prices will bring a global financial crisis. (Reuters)
Apple Inc. (NASDAQ: AAPL) is the largest company by market cap in history. (Reuters)
Samsung will put $4 billion into a mobile chip plant in the United States. (Reuters)
The heads of Apple and Samsung discuss settlement of a patent suit without results. (Reuters)
Berkshire Hathaway Inc. (NYSE: BRK-A) chief Warren Buffett terminates $8.25 billion in credit default swaps on municipal debt, a sign he may be concerned about municipal finances. (WSJ)
The first investor in Facebook Inc. (NASDAQ: FB), Peter Thiel, sells most of his holdings. He remains on the board of the social network. (WSJ)
Barnes & Noble Inc. (NYSE: BKS) earnings will allow investors to see how its Nook e-reader product has fared. (WSJ)
Sharp may sell two of its TV factories to cut debt. (WSJ)
Germany and the European Central Bank each reject rumors that the central bank will cap lending to the financially most troubled nations in the region. (WSJ)
Chevron Corp. (NYSE: CVX) and Royal Dutch Shell PLC (NYSE: RDS-A) trade some assets in Australia. (WSJ)
Wal-Mart Stores Inc. (NYSE: WMT) extends its Christmas layaway program by a month. (WSJ)
News Corp.’s (NASDAQ: NWS) Twentieth Century Fox will distribute DreamWorks Animation SKG Inc.’s (NASDAQ: DWA) films. (WSJ)
Many Wall St. investors react badly to the appointment of a CEO from outside the industry at Best Buy Co. Inc. (NYSE: BBY). (NYT)
Glencore refuses to raise its offer for Xtrata. (FT)
The head of Citigroup Inc. (NYSE: C) raises objections to the idea that large banks should be broken up. (FT)
George Soros buys 8% of Manchester United Ltd. (NYSE: MANU) shares. (FT)
Douglas A. McIntyre
Is Your Money Earning the Best Possible Rate? (Sponsor)
Let’s face it: If your money is just sitting in a checking account, you’re losing value every single day. With most checking accounts offering little to no interest, the cash you worked so hard to save is gradually being eroded by inflation.
However, by moving that money into a high-yield savings account, you can put your cash to work, growing steadily with little to no effort on your part. In just a few clicks, you can set up a high-yield savings account and start earning interest immediately.
There are plenty of reputable banks and online platforms that offer competitive rates, and many of them come with zero fees and no minimum balance requirements. Click here to see if you’re earning the best possible rate on your money!
Thank you for reading! Have some feedback for us?
Contact the 24/7 Wall St. editorial team.
Latest from 24/7
